Business Tech

Alibaba Shares Jump 36 Percent Over IPO

Alibaba shares opened at $92.70, later dipping to $90.


Alibaba Prices IPO at $68 a Share

Alibaba, the Chinese e-commerce powerhouse named after a poor woodsman who discovers a thieves' den full of treasures, priced its initial public offering at the top end of the expected price range.


Alibaba: Today China, Tomorrow the World

As Alibaba readies what could be the biggest initial public offering ever on the New York Stock Exchange, it is quietly hinting at plans to expand into the U.S. Amazon and eBay need to watch their backs.


Alibaba Seeks $24.3 Billion in Record IPO

China's Alibaba Group is seeking to raise up to $24.3 billion in its upcoming IPO, the most ever raised by a company heading into its stock market debut, with an initial market value of $163 billion.


Amazon CFO to Retire Next June

Amazon.com says its chief financial officer, Thomas Szkutak, will retire after 12 years on the job in June 2015.


Thoma Bravo to Buy Compuware for $2.5 Billion

Private equity firm Thoma Bravo is spending about $2.5 billion to buy Compuware and take the software developer private.


Hewlett-Packard's Revenue Rises as Earnings Fall

Hewlett-Packard's fiscal third-quarter earnings fell 29 percent as the personal computer and printer maker absorbed the costs of employee layoffs and past acquisitions.


Apple Stock Bounces Back Big Time

Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.


Uber Hires Obama Campaign Manager David Plouffe

President Obama's former campaign manager and White House senior adviser David Plouffe is joining car service startup Uber as it seeks to expand in cities worldwide.


Sprint Cancels Framily, Rolls Out New Data Pricing Plan

Sprint Corp. is killing its Framily discount plan and launching new pricing that tries to attract customers by doubling the data that rival carriers offer smartphone users.


Google's Pivotal IPO Launched a Decade of Big Bets

Google's IPO, a decade ago this week, launched the company on a trajectory that continues to reshape its business and much of the world in its orbit.


Alibaba Looks Into Cash Irregularities in Film Unit

The film unit recently acquired by Chinese e-commerce powerhouse Alibaba has announced an investigation into possible accounting irregularities.


Cisco Could Cut 6,000 Jobs

Cisco Systems says it will lay off up to 6,000 workers, or 8 percent of its workforce, as part of a restructuring.


Cisco 4Q profit drops 1 percent

SAN JOSE, Calif. (AP) Cisco Systems Inc. (CSCO) on Wednesday reported profit that declined by 1 percent in its fiscal fourth quarter, but beat analysts' expectations. The San Jose, California-based company said earnings fell to $2.25 billion, or 43 cents per share, from $2.27 billion, or 42 cents per share, in the same quarter a year ago. Earnings, adjusted for one-time gains and costs, came ...


Uber Taxi App Rival 'Made 13,000 Fake Bookings'

Google-backed taxi app Uber says employees of a rival firm have booked then cancelled almost 13,000 trips to disrupt its business.


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